The Sensitivity of UK Agricultural Employment to Macroeconomic Variables 1960-1996

Patrick Gaffney
Additional contact information
Patrick Gaffney: Department of Economics, National University of Ireland, Galway

No 26, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: We analyse the long-run and short-run relationship between merchandise export volume and its determinants, foreign income, relative prices and exchange rate variability, using the techniques of cointegration and error correction. The model was estimated for Irish exports and sectoral exports SITC 0--4 and SITC 5--8 to the European Union using quarterly data for the period 1979--1992. The sectoral classification corresponds to the exports of mainly indigenous Irish firms and multinationals, respectively. We find that exchange rate volatility has a negative effect on the exports of the multinational sector but no effect on the exports of the indigenous sector in the short run. In contrast, exchange rate volatility has no effect on the exports of the multinational sector but a positive effect on the exports of the indigenous sector and overall exports in the long run. This last result implies that Ireland's participation in the single European currency might have a negative impact on exports of indigenous firms and, as a consequence, overall exports.

JEL-codes: C32 (search for similar items in EconPapers)
Date: 1998, Revised 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.economics.nuig.ie/resrch/paper.php?pid=31 First version, 1998 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
http://www.economics.nuig.ie/resrch/paper.php?pid=31 Revised version, 1998 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nig:wpaper:0026

Access Statistics for this paper

More papers in Working Papers from National University of Ireland Galway, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Srinivas Raghavendra ().